We have to polarize our concept over the debt hole from black to white makes sense of course not stacy max that is a square rectangle in fact and you know out while that debt pile is imploding. There fiddle ing while rome burns you know its the new sort of way of saying that that was back in 6480 when nero fiddled while room burned and of course what happened there was an eruption of conspiracy theories about rome burning that in which it was in fact nero that burned down the city and why did the people think that he burned down the city because they no longer trusted him and they no longer trusted the institutions were having a similar sort of thing where people all the citizens the the people who have to pay taxes for all the wars that emperors take us to well they dont know longer believe in our emperors and theres all sorts of conspiracy theories swirling around but one truth is something that kaiser report has been saying now for the past 10 years and used to be treated as a Conspiracy Theory by now heres a headline from bloomberg Bond Investors are starting to debate whether the us is head. Into a deflationary spiral of oh yeah theyre finally getting off on that talking point are they heading into a deflationary debt spiral and as report weve been talking about this for a long time because because all money is debt the more money thats printed it increases the debt and so as the 2020 i believe theyve already printed Something Like a trillion of new debt money and so now were getting a more accelerated debt deflation right people are losing their jobs and their supply lines are breaking down and thats thats deflation and its caused by printing debt and of course theres propaganda out there paul krugman New York Times who says what that doesnt matter but clearly if youve got record unemployment and youve got social unrest and youve got the global insurrection against banker occupation going then maybe debt doesnt matter you know the roman empire only held together as long as you could hold the edges if you couldnt hold the edges and you had to divert resources to pacifying gaul and then pacifying you know the constantinople sort of edge of empire it took resources right so here we have a situation where this the crucial the roads that keep the american empire to get there is the dollar and the debt system now with the collapse in oil prices too negative but definitely down below 20. 00 and the commodity price collapse that leaves a shortage of dollars around the world on one hand but on top of that you need it even more than ever to grow because you have so much of the debts that were incurred in the eightys and ninetys and the 22010. 00 pts to pay off but if theres no dollars then you know theres no way to pay it off so. Right now its Something Like 8 trillion dollars has been printed by global governments but theyre saying as we hear on the report have been pointing out that Kaiser Caesar kaiser Kaiser Caesar were talking about the roman empire and. We need a 100000000000. 00 at least to just not even like get most of the way up there to even can kaiser says that this is not unpredictable that there would be a dollar shortage because of what i just said a moment ago its debt and when you have debt money and you flood the economy with that money you still have to pay interest on that debt money which requires you to create more debt money right its more debt money this is debt money requite thats why theres a dollar shortage because the interest on the current pool of hundreds of trillions of dollars worth of debt money requires you to print more debt money it doesnt sound like a ponzi scheme yes it does is it a ponzi scheme yes it is how do we know that its not working well lets see the price of gold sitting new all time highs and every currency around the world except the dollar which is again to quote paul krugman back by men with guns so they are people actually reason they take the dollars is fear of violence thats a back to the dollar now once people no longer fear the violence of american pentagon then there will be the end of the fear of money u. S. Dollar as all fear of money as all does all disappear for the past 300 years none have survived except the british pound but thats lost 95. 00 or more percent of his purchasing power in the roman empire they had various gold or silver coins and those were backed by men with guns because they had to clip the coins and force you to take at the same Exchange Rate that you were used to so its always empires always use force they always use guns and you know somehow. Presses and liberals and of course like an american thinking class the speaking class that tells the rest of the world what to think you know they dont want to feel bad about themselves so they want to think that the sphere regime is somehow more benevolent then nero might have been so you know in terms of whats happening now and whats happening today as we see this deflationary spiral we see shortages of food starting to emerge and its the same sort of thing you saw you know nero is long before hundreds of years before the empire even started to collapse but even then there was decay and rot in corruption and no expertise there was nobody in charge nobody was a speaking to the people so we see like only 50 plants in america are responsible for 98 percent of meat slaughtering and processing in the u. S. Several plants have closed due to cold in 1000. 00 outbreaks backing up hog and beef production crushing prices paid to farmers and causing months of meat shortages theyre forecasting that theres going to be meat shortages i mean these are in the headlines of people in the Financial News speaking to farmers and slaughterhouses and saying like hey isnt this going to be of an issue no talk from any sort of lead governor of any state or the all these crazy press conferences that are modern day nero has been having filling up their oil you know the country burns and while the fed is printing all your savings burn well lets take a look at this consolidation in the meat business the meat packing industry yes so now youve got a lot fewer processing plants out there the price of fresh meat is historically going back 20. 00 or 30 years a lot to say that its low and they trade off is that the supply chain becomes fragile because of the monopolization or oleg opposition of an industry like meat packing at the hands of money fuelled private equity groups and bankers who take a huge. Monopolistic position in that industry the trade off is that its incredibly fragile and so when you have a Pandemic Strike then suddenly what economists would call a reversion to the mean so the price of chicken and beef and and cork that has been kept artificially low through financialization for so many years will revert to the mean price as if that never happened to begin with so youll start to see prices for fresh made double triple quadruple which is completely predictable. And it is entirely predictable is that somebody will get blamed because you know when 70 percent of the room burned down who did nero blame 1st of all the people are blaming him they said he set the city on fire and then he blamed the christian the new newly arrived christians that this cult it was considered at that time in 6480 and he burned many of them alive so i want to turn to you know at that time christianity was a new way of thinking and they entered the roman empire through the roads that the roman empire needed in order to extend its power and its reach well today this Financial System that we talk about the rails of the Financial System and the globalization require this us dollar in trade imbalance of payments on that well using those roads because one has entered the space and its a new way of thinking right i saw this tweet and i thought it was amazing because this is a tweet from the previous empire before the roman empire which was the greek empire socrates in the cypherpunks were right i guess they werent really technically an empire moment might have been the 1st genuine empire but the secret of change is to focus all of your energy not on fighting the old but im. Building the new so i think thats really important right now today as we see this globalization just in time globalization neo liberalism nation the sort of elevation of mediocrity that has happened and the lack of any sort of competency that its constantly get celebrated well thats over and we have to like dont even try to reform it or refine our fix it its just over the roman roads and there are lessons to christianity not so much that over the roads these ideas enter rome it was over these roads that this idea exited rome in other words the apostles of christ were able to spread the word of christ far and wide because of the roads that the romans had built and youre correct that those rails if you will. For affected a paradigm shift quite quickly and with big coin which is some argue the 2nd coming of christ. Some you mean yourself well. Yeah all of my personality would argue that this is in fact jesus 2. 01 k. And the rails of the current infrastructure of communications are being used to spread the good word the good news that the toshi that the hardest money ever created is here and that we absolute scarcity is here and that we are separating state from money. And were now entering a period of free freedom that weve never known before individual sovereignty they you dont need the divine right of jay powell to bail you out as theyre doing all these bailouts right now at that time you know they really believed in the roman times they believed in multiple gods and that these sort of emperor had special relationship with them and if you didnt you know abide by what the emperor did this god would smite you but in terms of that old way of thinking again you know its just a fact its just an observation that happens throughout every single empire and rise and fall and especially towards the fall you start to see the civil wars of up to some many many many civil wars throughout the roman empire as it collapsed but here in america you see that. You know the millennia on generations each keep on trying to fight within the old system because thats all we know thats all and thats what were told is legitimate but you see that they want something so radically different from what the from the boomers that has done them very well because again they were the 1st one in on this pyramid scheme so it makes perfect sense that they would elevate to the high you know emperor sort of position that this is for a progressive islam is that were going to work yet where theres like a r. C. Who is a popular politician in america this idea is a rear guard action but she wants to change the way things are done to make it fairer for at this time were going to work you have to radically change everything and star and create something new something new and still on Warren Buffetts ukulele mother only. Its beautiful. Like being serenaded by aphrodite. On the shores of the aegean crane. So they got a belt. Well dont go away for coming back right after this. Welcome back to the kaiser report im max kaiser oh wow this is going to be a good one time now to turn to sampson mal hes the chief Strategy Officer adblock strain hes also the c. E. O. Of pixel matic and the creator of infinite fully in which full disclosure i am an investor sam said welcome back thanks max thanks for having me again so 1st of all whats the update on infinitely well lots of stuff were talking along in terms of development. We recently announced a partnership with stalker in europe to facilitate our security so in offering. And we are in progress with s. B. C. For a reggae plus filing and as you know ray post is typically referred to as a mini i. P. O. Just to refresh peoples memory in for their fleet is a multiplayer game out there in cyberspace and its going to scale up to be bigger than fortnight correct yeah its the most strategy game weve got a lot of real serious aaa developer talent behind it we have the guys from homeworld eve online. For several of them left that project to come on board but its going to be great and were aiming to make a big splash you know of arise in the phone company says that there was a 75 percent increase in data usage for gaming in the u. S. During march it seems quite timely in this age of a lockdown when apparently everyone is online so yeah people are now gaming a lot more there are online more theyve been on ramps not only for big coin but theyve been on ramp into online environments and and so this seems to play right into your wheel house samson the team at infinite fleet you got to be pretty stoked about that yeah definitely i mean theres ups and downs and one of the upsides of the lockdown is that people are staying home theyre playing more and you know the Game Industry and Entertainment Industry in general is recession proof so. When people are not out spending money theyre spending money here so its kind of a good thing for us. Were also looking at other opportunities in the space too like publishing other games and also moving into some p. R. Things as well to take advantage of that Rising Movement but overall i think its very bullish thing for infinite fleet that the team here right so i take it i would assume given black frame and all the other things are involved with this is very bitcoin specific and its everything about bitcoin and its all on bitcoin is that correct yes i would say its built on top of a bit coin side chain so were using the liquid network for a lot of the game where issuing a utility token in the game which is basically the games currency so imagine a world of warcraft gold but now its a crypto asset and for the fund raising for the security socan were using liquid securities which is a platform that weve built on top of the liquid network and what that does is you now have securities that are tradable 247 and because we are a reggae plus filing you eliminate the need for a Credit Investor so this really democratised is the whole Investment Scheme and i would say its a reformation of Capital Markets in a sense it sounds like because having no problem scaling you know i remember back in 2017 during the block size wars there was a session of that because i couldnt scale and that was shot down with the adoption of segway it im surprised anyone still even mentions big trash are becoming trash or whatever its called it still has some agency out there i dont know why they lost they lost the block size or why do people still mention it but lets move on so lets talk about the coins some more here so the having is happening within the next 3 weeks so tell the audience or International Audience what is the having and maybe get into technically a practicality of it whats going on theyre having or are having is essentially a cut in supply of mine per day. Were going to drop to half so about 100. 00 now and its also been called a quantitative hardening so as the currencies are printing more and more we are getting more scarce and more scarce. Basically as part of the protocol its built in and every 4 years it will happen so theres a large expectation that this will have a positive impact on because price numbers will go up lets talk about quantitative hardening 1st 2nd there have been many genius pickling means over the years this is a hybrid. Because it combines something pulled from central bank language quantitative easing and it combines it with a pick oh and now shin of quantitative hardening in the hardest money ever created and this is about an awakening now people are understanding that the Central Banks are completely out of control and they all cash very recently sat on a 60 minutes broadcast that they have infinite quantitative easing the ability to print infinite amounts of money money francs or go broader and this is really drawing a lot of interest back to big going for exactly why it was designed to be the hardest money ever created is this the here that the global Financial System finally meets its waterloo you cant print your way to prosperity and theres a migration over to the hardest money ever known to humans that would be pickle and sampson i think its inevitable its just a question of when its not if its so when. It only makes sense that we might create 2 to be coing off of the current field system just because fear is manipulatable because it is encrypted but if youre running a big node then nobody can tell you what to do or change the Monetary Policy for mode from under you and you just have your autonomy and sovereignity and. Theres also a global currency anybody in the world can get. Into bitcoins by a little bit a bit coin and theres those no concept of a border with the coins so i do think this will be a seminal year and its a question of when we reach that that be quite efficient where everybodys using to coin and nobody needs to go back to making a big coin want to be a zen projects the same that infinite quantitative easing built into the protocol lets talk about if there for a 2nd i remember the taluk bitter and once compared to oil and now look at oil oil is a complete disaster so maybe that was the best comparison to make and i want to kind of follow up on that a little bit in terms of big coin miners and the big call and its going to be interesting to watch how they respond to the decline in price compared to for example the u. S. Oil sector where producers have been losing money but keep pumping all right so here you have a analogy here in the oil field they are losing money in the shale industry but they keep at it they keep pumping the miners a big coin they have a cost and now theyre going to get half of the reward that they got pre having so what happens in the Mining Sector because how is it different than oil walk us through that a little bit well the thing is oil can go negative because there is a cost to deliver you have to buy the barrel and you have to move it physically so physical delivery incurs a large cost and big way will never have that problem because it is digital because it has purity of function it is just money. You know peter schiff likes to argue like. Other things like gold and things have a utility but actually that utility is. More of a hindrance than anything right where you want money you want it to be hard you want it to be reliable predictable and you want to have a purity of function which they point has what about va